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10 Firms to Be Delisted From Stock Market.
(From Korea Times)
Financial regulators said yesterday that around 10 firms traded on the Korea Stock Exchange (KSE) and the Kosdaq are on the brink of being delisted because of financial troubles or failure to disclose corporate information.
These include Midopa, Ssangyong Engineering & Construction, Haitai Dairy, Mplus Tech, MbyN, Tech One, Karis Soft and Shinho Paper Manufacturing, according to the Financial Supervisory Service (FSS).
The FSS said the delisting rules apply to KSE-listed companies that receive negative opinions or are denied validation from auditors, or whose debts exceeded assets for two consecutive years, under tougher qualification rules adopted last year.
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